Key facts
- Paxos' Global Dollar (USDG) stablecoin is now live on Arbitrum.
- Arbitrum has proposed 100 million ARB in incentives to support USDG adoption and liquidity.
- USDG has approximately $3.09 billion in circulation.
- Integrations include Fluid, Morpho, GMX, and Maple.
- Kraken will support USDG deposits and withdrawals, and Stargate will enable cross-chain transfers.
Paxos' Global Dollar (USDG) stablecoin has officially launched on the Arbitrum network, marking a significant step in expanding its reach within the decentralized finance ecosystem. The stablecoin is now natively issued on Arbitrum One and has secured integrations with several decentralized finance protocols, including Fluid, Morpho, GMX, and Maple. Kraken will facilitate deposits and withdrawals for USDG, while Stargate will enable seamless transfers between Arbitrum and other blockchains.
A proposal submitted to the ArbitrumDAO aims to bolster USDG's growth by designating it a strategic objective and allocating 100 million ARB tokens to an incentive program designed to drive adoption and liquidity. The proposal also includes plans to deploy Arbitrum treasury assets to support USDG liquidity, with the Arbitrum Foundation offering support to businesses integrating the stablecoin. As a partner in the Global Dollar Network, Arbitrum will benefit from USDG activity, with generated proceeds directed towards ecosystem development and adoption initiatives.
This launch aligns with Arbitrum's broader strategy to evolve beyond crypto-native applications and establish itself as infrastructure for financial platforms tokenizing traditional assets. The network is also building out infrastructure like Robinhood Chain, which uses Arbitrum technology to support tokenized real-world and digital assets. Standard Chartered has previously forecast that Arbitrum's economic model, combined with growing asset tokenization, could significantly boost the ARB token's value by 2030, as tokenized assets are projected to reach $4 trillion by the end of 2028.